Cascade Financial Presenting at D.A. Davidson 2003 Financial Services Conference.Business Editors EVERETT, Wash.--(BUSINESS WIRE)--May 2, 2003 Cascade Financial Corp (Nasdaq:CASB CASB Cost Accounting Standards Board CASB Colorado Association of School Boards CASB Canadian Aviation Safety Board CASB Catalogs and Surveys Branch CASB Chinese Association at Stony Brook CASB Council for the Advancement of Small Business ) today announced that Carol K. Nelson, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , and Lars Johnson, CFO See Chief Financial Officer. , will present at the D. A. Davidson fifth annual Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Conference, taking place at the Bell Harbor Conference Center in Seattle on May 7, 2003. Management will review the company's performance history and strategies for building a first-class commercial banking team, expanding its branches and enhancing services to gain market share and generate strong profits. Cascade reported record first quarter 2003 results on April 22 with business lending expanding 22% and revenues growing 12%. First quarter net income rose 25% to $2.3 million, or $0.34 per diluted share, compared to $1.8 million, or $0.28 per diluted share for the same quarter last year. The company is scheduled to present in Seattle on Wednesday, May 7th at 8:45 a.m. PDT PDT abbr. Pacific Daylight Time PDT Pacific Daylight Time PDT n abbr (US) (= Pacific Daylight Time) → hora de verano del Pacífico PDT , and a live, audio-only, webcast will be available on the Cascade Bank website at www.cascadebank.com during the presentation. Institutional investors can access the presentation via CCBN's password-protected event management site, www.streetevents.com. For those unable to attend the conference or listen to the live webcast, the presentation will be archived through June 13, 2003. On May 6, Cascade Financial Corporation will hold its Annual Shareholders' Meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. at 6:30 p.m. at the Everett Golf & Country Club. About Cascade Financial Established in 1916, Cascade Bank, the only operating subsidiary of Cascade Financial Corporation, is a state chartered commercial bank headquartered in Snohomish County, Washington Snohomish County is a county located in the U.S. state of Washington. It is named after the Snohomish tribe. Since 2000, the county's population has grown from 606,024 to 686,300 residents (2007 figures), making it one of the fastest-growing in the state, ranking third in overall . Cascade's vision is to be the preferred community bank whose employees build relationships to deliver financial solutions with exceptional service. The bank has been locally managed for more than 87 years and has an "Outstanding" Community Reinvestment Act Community Reinvestment Act (CRA) Enacted by Congress in 1977, the CRA encourages banks to help meet the credit needs of their communities for housing and other purposes, particularly in neighborhoods with low or moderate incomes, while maintaining safe and sound operations. rating for serving the credit needs of the local community. Cascade Bank operates 15 full service offices, located in Everett, Lynnwood, Marysville, Mukilteo, Smokey Point, Issaquah, Clearview, Woodinville, Lake Stevens, and Bellevue. This document may contain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Those factors include, but are not limited to, impact of the current national and regional economic recession on small business loan demand in the Puget Sound area, loan delinquency rates, interest rate movements, changes in the Company's market, fluctuation in demand for the Company's products and services, the Company's ability to attract and retain qualified people, and other factors. For a discussion of factors that could cause actual results to differ, please see the Company's publicly available Securities and Exchange Commission filings, including its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended December 31, 2002. Note: Transmitted on Business Wire on May 2, 2003 at 8:30 a.m. PDT. |
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